A Step-by-Step-Guide on how to buy DigitalBits (XDB)
Step 1 – Signup to Kraken You'll first need to buy one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. DigitalBits (XDB) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate DigitalBits (XDB) As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can commence buying and trading. To buy DigitalBits (XDB) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To spot DigitalBits (XDB), you'll need to insert the shortname of the coin (XDB) into the search box, which is marked in the picture. Be certain of having selected the proper pairing, we have marked this also. Click on “XDB/BTC” to go on.
Step 4 – Acquisition of DigitalBits (XDB) As soon as you've spotted DigitalBits (XDB), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're going to create our own Limit Order. The ”Price” field will be filled with the recent rate DigitalBits (XDB) was traded for. This can be changed to your favoured price. The ”Amount” field is the volumen of XDB you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole volumen of XDB. If you're satisfied, make a mouse click on “Buy XDB”. Your plan will be filled when a Seller trades their XDB for the price you introduced.
Step 5 – Withdraw DigitalBits (XDB) Unless you're trading, best advise is not to keep your crypto coins on an Exchange for an extended period of time. To take off your DigitalBits (XDB), go to the tab called “Funds” and mouse click on “Withdraw”. DigitalBits (XDB) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find DigitalBits (XDB) by using the provided drop-down box. Drop in the volumen of DigitalBits (XDB) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. When you're glad, click “Submit”. You could be requested for email/phone verification ahead of a withdrawal.